1.405
Revenue€M
3.407
3.590
3.851
4.101
4.313
4.540
4.838
5.181
5.464
5.883
1.472
6.41%
6.37%
6
11.97
Revenue growth%
12.54
13.60
12.45
14.63
11.67
13.05
15.87
13.66
11.73
12.26
26.49
13.05
12.80
19
8.64
Gross margin%
5.70
6.46
5.07
7.84
10.47
8.01
8.80
7.23
7.16
9.39
20.66
8.01
7.53
56
15.30
Operating margin%
1.68
3.92
3.31
0.81
1.89
1.27
0.88
1.62
3.00
5.46
28.01
1.62
1.79
39
21.60
Net margin%
36.88
39.72
41.86
44.13
43.90
41.37
38.61
37.08
37.03
35.94
17.02
37.08
39.16
44
23.73
P/E ratio (avg)x
26.64
30.16
32.19
36.40
35.68
35.50
38.62
36.17
36.23
34.99
9.559
36.17
35.59
93
32.75
EV/EBITx
23.62
23.44
27.02
28.95
32.15
35.95
37.32
43.64
52.79
58.41
35.48
43.64
34.05
61
9.36
FCF yield (avg)%
11.84
9.29
10.83
10.77
9.66
12.05
15.02
14.66
13.18
12.31
5.89
13.18
11.94
89
4.87
FCF margin%
6.07
8.53
8.77
8.91
10.22
11.87
11.02
13.27
12.65
10.53
24.06
11.87
10.37
49
1.642
FCF / Net incomex
0.704
0.749
0.682
0.696
0.622
0.636
0.585
0.638
0.665
0.642
0.706
0.638
0.653
94
15.77
ROIC%
21.87
22.43
25.35
25.86
28.83
28.46
29.23
26.55
24.47
27.08
24.99
27.08
26.21
42
22.02
Return on equity%
2.76
1.45
2.88
2.09
0.40
0.40
0.40
0.40
0.40
0.40
16.14
0.40
0.40
71
20.12
Return on assets%
13.10
10.19
9.42
7.62
7.56
6.82
5.57
8.32
10.92
8.75
16.85
8.32
8.53
78
—
EPS€
0.01
0.01
0.01
0.01
0.02
0.02
0.02
0.02
0.02
0.03
0.01
12.97%
9.87%
—
7.33
EPS growth%
21.17
19.26
21.68
23.00
20.94
20.45
19.66
18.08
16.12
16.91
18.89
18.08
20.06
15
—
Bookvalue per sh€
—
—
—
—
—
—
—
—
—
—
—
(0.62%)
(0.06%)
—
—
FCF per share€
—
—
—
0.01
—
0.01
0.01
0.01
0.01
0.01
0.01
8.90%
6.48%
—
—
Dividend per sh€
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.01
5.66%
4.28%
—
5.28
Div yield (avg)%
15.38
16.92
14.42
12.41
12.78
13.78
11.52
13.06
15.64
15.45
25.01
13.78
14.10
56
22.96
Payout ratio%
5.50
5.78
2.88
3.39
4.21
5.16
4.37
1.85
4.76
3.40
10.94
4.37
4.29
15
194.8
Shares (diluted)M
284.6
326.1
336.4
358.3
417.3
419.2
480.7
552.9
638.6
667.5
193.9
9.85%
9.32%
27
8.33
Buyback yield%
22.46
25.27
23.90
21.81
23.54
25.75
23.77
21.30
23.47
20.76
14.80
23.47
23.50
48
1.459
D/E ratiox
1.919
1.955
2.250
2.639
3.036
3.078
3.174
3.575
3.587
3.787
1.252
3.575
3.057
67
1.598
Enterprise value€M
4.707
4.775
5.278
5.749
6.657
6.464
6.528
7.682
8.291
8.621
4.202
5.31%
7.05%
72
5.256
LT debt€M
3.022
2.808
2.417
2.548
2.596
2.532
2.317
2.198
2.078
2.209
1.734
(3.18%)
(4.27%)
34
Revenue
€5.883M
6.37%
1.00×
Cost of revenue
€3.674M
6.12%
0.98×
Operating expenses
€1.238M
6.48%
1.01×
Cash and investments
18.02%
Spread over hurdle
(4.14%)